NOTICE ON FRAUDULENT ACTIVITY LINKED TO ISWAP EURO B.V.
ICAP (Hong Kong), part of TP ICAP a leading provider of market infrastructure, is pleased to announce that it has brokered two landmark transactions as the market transitions from LIBOR and HIBOR based fixings to USD SOFR and HKD HONIA respectively.
The two swap transactions involved were a one-year CNH Fixed versus HONIA and a one-year CNH Fixed versus SOFR.
Tom Lovell, Head of Global Broking for TP ICAP, Asia Pacific, said: “The significance of these two transactions underscores not only the importance of these new industry benchmarks as a replacement to “IBOR” fixings, but also the importance of Hong Kong SAR as the premier CNH centre.”
About TP ICAP
TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy and commodities markets.
Operating through our core businesses, Tullett Prebon, ICAP, PVM, Coex Partners, Tullett Prebon Information, ICAP Information Services and PVM Data Services, we create strong networks in person and through technology. We provide comprehensive analysis and insight into market conditions and long-term trends. We combine data, knowledge and intelligence into contextual insight and commercial guidance. By engaging with our clients, and providing innovative products and services, we enable our clients to transact with confidence, facilitating the flow of capital and commodities around the world, enhancing investment and contributing to economic growth.
Our values of honesty, integrity, respect and excellence underpin everything we do.
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